Office Suite with Private
New
For Sale
Contact for pricing
118 CARLISLE STREET, Hanover, PA 17331
ADA-compliant access, dedicated HVAC, and shared parking support day-to-day business operations.
Property Size18,616 SF
Price / SF$0.11
Days on Market3
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Property Features for 118 CARLISLE STREET
General Information
Standard status
Active
Size
18,616 SF
Class
Class A
Property subtype
Commercial
Amenities
private bathroom
separate HVAC system
ADA-compliant accessibility
high-speed internet service options
Building Details
Year Built
1896
Listing Agency:
Sites Realty, Inc.
(717) 334-4674
Listed By:
Bradley N Shafer · License #RS336366
(717) 870-3608
Source:
Cummingsrealtors
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sites Realty, Inc.
Investment Insights
Based on property information with market context.
This 1,364-square-foot office suite is in a building constructed in 1896 in downtown Hanover. The space has a private restroom, its own HVAC system, and ADA-compliant accessibility. Internet service options include Comcast, Glo Fiber, and Verizon.
Parking is available through access to more than 40 shared private spaces. The property is located at 118 Carlisle Street in Hanover, Pennsylvania.
Parking is available through access to more than 40 shared private spaces. The property is located at 118 Carlisle Street in Hanover, Pennsylvania.
Key Highlights
- 1,364 square feet of office space
- Private restroom and separate HVAC system
- ADA‑compliant accessibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$296,794
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,935,880
$5.9M
Cap Rate 7%
$4,239,914
$4.2M
Cap Rate 9%
$3,297,711
$3.3M
Market Conditions
NOI Build-Up for 18,616 SF
Gross rent
$408.8K $21.96/SF
− Vacancy
−$13.1K −$0.70/SF
EGI
$395.7K $21.26/SF
− OpEx
−$98.9K −$5.31/SF
NOI
$296.8K $15.94/SF
Area
York County, PA
Vacancy
3.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,935,880
Cap Rate 7%
$4,239,914
Cap Rate 9%
$3,297,711
Alternative Uses
Best Use
Office B
$4.24M
$3.71M – $4.95M
NOI $296,794 @ 7.0% cap · market cap 14,506.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.39M
$4.72M – $6.29M
NOI $377,299 @ 7.0% cap · market cap 18,440.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,638
Businesses Nearby
Explore this area
Business Placement
Demographics for 17331, PA
55,458
Population
23,528
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
90%
High-School Grad
74.4 sq mi
ZIP Area
745
Density / Sq Mi
$76,661
Median Household Income
$45,168
Median Earnings
$1,127
Median Rent
$228,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - ADA-compliant access, dedicated HVAC, and shared parking support day-to-day business operations.
Where is this office units located?
The property is located at 118 CARLISLE STREET Hanover, PA.
What are key features of this property?
This property features: 1,364 square feet of office space; Private restroom and separate HVAC system; ADA‑compliant accessibility
